The models were absolutely right: 1.3640 was the day's bottom!
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OEX weekly options
- Thread starter kalikahuna
- Start date
The models were absolutely right: 1.3640 was the day's bottom!
Quote from falconview:
TR
Actually I was waiting for entry into TOS to go LONG CALLS when the data finally caught up and it gapped DÃWN. So I changed my order to LONG PUTS Down. Plan a short trade of $2 if I can get it. As I don´t think there is much downside room before a bounce. In the OEX to 540 on the index maybe?
What did you finally do? The stock market gaps seem to tell traders that if they want to make money fast, they may have to overnight positions and be right on direction. In otherwise, be good or take risk.
I have been preferring the EUR/USD lately as it trades 24 hours, and the EUR/USD is a bigger market, which is probably harder to move around.
AFTER THE MORNING GAP!
I´m still stuck in my OEX PUTS. Waiting for the market to go down? ( grin )
In the meantime, I´m trying to develop a short term trading system that works.
Just got a bright idea this morning around 1 a.m. and will try it next week. Such is life.
I´m still stuck in my OEX PUTS. Waiting for the market to go down? ( grin )
In the meantime, I´m trying to develop a short term trading system that works.
Just got a bright idea this morning around 1 a.m. and will try it next week. Such is life.
TJ
Just looked at the USD and the EUR on big charts.
Seems to have the same pattern as the OEX?
Wonder how you trade options on these two? Maybe I'll bring up TOS and see what they have for options on them?
Just looked at the USD and the EUR on big charts.
Seems to have the same pattern as the OEX?
Wonder how you trade options on these two? Maybe I'll bring up TOS and see what they have for options on them?
TJ
Just looked up EUR and USD on TOS and there are option chains.
Wonder how you trade these? Same as the OEX?
USD 35 Nov sell PUTS 1.05 with a .45 cents spread
EUR 230 Nov PUTS at $5.00with a $5 spread.
Care to enlighten me how these work?
Looking at BIG CHARTS I would seem to be able to buy and sell these?
Just looked up EUR and USD on TOS and there are option chains.
Wonder how you trade these? Same as the OEX?
USD 35 Nov sell PUTS 1.05 with a .45 cents spread
EUR 230 Nov PUTS at $5.00with a $5 spread.
Care to enlighten me how these work?
Looking at BIG CHARTS I would seem to be able to buy and sell these?
Man o man!
I´m having a tough time TIMING my straight buying trades. So far all I´m doing is losing money.
I had a correct call this morning, but got frightened out too early and took a $100 loss, but then 45 mins later it did what I forecast it to do.
What a mess! Trying to figure out how to trade this with delayed data too.
I´m a very unhappy camper.
I´m having a tough time TIMING my straight buying trades. So far all I´m doing is losing money.
I had a correct call this morning, but got frightened out too early and took a $100 loss, but then 45 mins later it did what I forecast it to do.
What a mess! Trying to figure out how to trade this with delayed data too.
I´m a very unhappy camper.
Quote from falconview:
TJ
Just looked up EUR and USD on TOS and there are option chains.
Wonder how you trade these? Same as the OEX?
USD 35 Nov sell PUTS 1.05 with a .45 cents spread
EUR 230 Nov PUTS at $5.00with a $5 spread.
Care to enlighten me how these work?
Looking at BIG CHARTS I would seem to be able to buy and sell these?
FV: I trade the pair directly. I do not trade options on them. Leverage is huge in forex. So I would be careful. My opinion is to never use more than 8:1 (I try to use 2:1, but sometimes I make discipline mistakes and go up to 8:1). They give 40:1, which is too high in my view. You can check how much ToS gives. Some places give 400:1, but maybe they passed rules to limit it.
The moves in forex happen in open of London, New York and Tokyo (Open in US is earlier than stock market open). 4AM, 8AM, and 8PM are approximate times when price moves fast.
TJ
Very annoying day in the learning experimenting process. I called the move right, but got shaken out in the morning and went at market and ended up losing a $100. Then later an hour or so, the down move I predicted happened and I probably lost a $1000 that I didn´t make. C'est la vie.
Using different TIME FRAMES and particularly the short ones, messes up your decision making. At least mine anyway.
It is looking like we are approaching a longer term market direction change?
I´m of mixed feelings about trading short trends, or just sticking with the longer trends. Been trying them both trying to decide.
Very annoying day in the learning experimenting process. I called the move right, but got shaken out in the morning and went at market and ended up losing a $100. Then later an hour or so, the down move I predicted happened and I probably lost a $1000 that I didn´t make. C'est la vie.
Using different TIME FRAMES and particularly the short ones, messes up your decision making. At least mine anyway.
It is looking like we are approaching a longer term market direction change?
I´m of mixed feelings about trading short trends, or just sticking with the longer trends. Been trying them both trying to decide.
Whoops!
The daily bars are sort of slightly indicative of a trend change starting, but I just checked the 6 months weekly for the OEX and the trend is still UP in the weekly. WOW! Shows you how you can get mixed signals when you drop down to shorter time frames.
The daily bars are sort of slightly indicative of a trend change starting, but I just checked the 6 months weekly for the OEX and the trend is still UP in the weekly. WOW! Shows you how you can get mixed signals when you drop down to shorter time frames.
Hi Falconview, somehow my forum reminder was not working, I thought you were not talking much these days! I guess I was wrong.
This month I had to make some adjustments again in one account that I chose myself, but still up 3% if things expire worthless.
The other account, where I trade the Monthly Cash Thru Options newsletter recommendations is up over 5%.
The pros from the newletters do have losing months, the largest one I saw was 35%, some 20 and 15, but only three in the last few years which is pretty good to me. Never seen them get wiped out 100%, and that is during the 2008 markets and all the excitement there. You will NEVER be right 100% of the time, but I have seen how you can limit the losses.
If you want I can send over their recommendations for a month and you can try it out yourself. Let me know when you are ready for that.
Take care, Michael
This month I had to make some adjustments again in one account that I chose myself, but still up 3% if things expire worthless.
The other account, where I trade the Monthly Cash Thru Options newsletter recommendations is up over 5%.
The pros from the newletters do have losing months, the largest one I saw was 35%, some 20 and 15, but only three in the last few years which is pretty good to me. Never seen them get wiped out 100%, and that is during the 2008 markets and all the excitement there. You will NEVER be right 100% of the time, but I have seen how you can limit the losses.
If you want I can send over their recommendations for a month and you can try it out yourself. Let me know when you are ready for that.
Take care, Michael